Member Info for Max111

Spot prices are a snap shot, but take into account a huge amount of information including futures prices.

Troy will be looking to hedge the Iron Ore price at some point soon.

Spot silver (which is very volatile and manipulated) currently shooting up. Will it be sustained? Not sure but I find it exciting to watch. It will eventually surpass its ATH IMO.

Nah norm. You do your quarterly posts to show you are a LTH, but it's obvious you trade the stock. It's very easy to know peoples position after reading their posts for a while.

Also Chalice Mining has a Market Cap of $2.50B and sits on a State Conservation Park and historic pilgrim route.
Explorers/developers are not valued on production.
UFO is massively undervalued. Huge disconnect here.

@Roses, first shipments will leave Han**** this year. No reason why it won't.
We are talking DSO. Just need permits and contractors Re:Group who are currently working next door at E25 are very eager to start.

@yayay, Best for you to just invest in Rio Tinto. But you won't get multibags.
Transitioning from explorer to producer presents a huge value transition for shareholders.

Lots of "LTH Traders" on today with their negative posts (and only come on red days).

@Norm, if SP only reflects value when producing cash, then why don't you just buy then? Of course markets are forward looking and sentiment driven.

@HH. UFO FOB costs are actually $60/t and Shale Oil production is due to hit record high:
https://www.ssyonline.com/news-events/posts/2023/january/us-shale-oil-production-to-reach-record-high-in-february/

Plus don't keep comparing apples with oranges.
Fenix have higher costs (above FOB) due to their very high shipping costs out of Geraldton.
Port Hedland costs which Anglo American will be taking care of are currently $8.15/t.

Also with regards to ramp up Fenix achieved nameplate capacity within just 3 months:
https://www.australianmining.com.au/news/fenix-reaches-iron-ridge-nameplate-capacity/
The reason why we were initially given a figure of 600,000 tonnes was due to the bunker space E25 could provide UFO with. UFO should get its own allocation by end of year.

"Iron ore, and by extension steel, might not be the first material you’d point to when thinking about decarbonisation. But the reality is, steel’s going to be essential in the build out of renewable infrastructure – a single wind turbine can contain over 300 tons of steel.

In fact, Anglo estimate a steel producer can get a 20-25% emission reduction by swapping from low to high quality iron ore."

This is why Anglo American want our high-grade DSO with low impurities for at least 3 years. Steel mills need to decarbonise and meet emissions targets.
https://www.hl.co.uk/news/articles/iron-ore,-copper-and-lithium-whats-next-and-the-investment-opportunities

Iron ore beats battery metals as China reopens
https://www.mining-journal.com/miner-s-right/news/1446393/iron-ore-beats-battery-metals-as-china-reopens
Goldman Sachs saying it preferred iron ore over battery metals.

Can't beat Direct Shipping Iron Ore at surface with strip ratio 1:1.

BHP sees China driving iron ore demand this year:
https://twitter.com/Sharecastcom/status/1616000080124809220

BHP sees China driving iron ore demand this year:
https://twitter.com/Sharecastcom/status/1616000080124809220

It's the Nyiyaparli People that hold the keys not the WA govt.

IOCA update stated:
Approvals & Permitting:
Work continues on permitting and approvals with the Company's target to commence production and ore shipment in 2023.

The Heritage Agreement has been finalised with the Karlka Nyiyaparli Aboriginal Corporation (KNAC) which is the Native Title representative group for the Nyiyaparli People. IOCA is now PROGRESSING heritage survey works and the commencement of Native Title Agreement negotiations. This is anticipated to be completed in Q4 2022.

The heritage survey works are taking longer. A few months delay is neither here nor there when you are looking at Free Cash Flow of 8 years going to +30years!

Just need the Agreement signed by Karlka Nyiyaparli Aboriginal Corporation (KNAC).

It's not a quick 2 month process. Listen to early Fenix presentations. The CEO was saying the same.

Relax guys. It's coming.

IOCA is 100% a company maker and will be multiples the size of Fenix.

BHP Group posted record iron ore production for the first half of the fiscal year, predicting China would drive commodity demand in 2023:
https://twitter.com/business/status/1615938123116023810

Chile's newly elected leftist government rejects a $2.5 billion iron-ore project on environmental risks, triggering criticism among business groups
https://twitter.com/business/status/1615788213322268679

Leftist Lula appointed Climate Activist to eliminate Iron Ore deforestation by end of decade and will have to raise mining royalties to pay for his huge welfare programmes.

Latin American turning leftist = "Pink Tide" movement.

Iron Ore projects in the Pilbara (world's No1 mining jurisdiction) are now very precious!

Commodities ripping now.
Silver up over 1% & Iron Ore up nearly 2% on Asian live trade.

So many people are on the wrong side of the metals market.

DXY Dollar falling. Now below 102!
Silver & Iron Ore moving up :)

Alien Metals accelerates toward production
https://www.mining-journal.com/resourcestocks/resourcestocks/1444614/han****-iron-ore-project-update

Iron ore futures rebound as bargain hunting supports
https://www.reuters.com/markets/commodities/iron-ore-futures-rise-over-increased-trading-volumes-bargain-hunting-2023-01-18/

ING:
"We have increased our price forecast for 2023 reflecting continued China reopening optimism and likely further stimulus measures"
https://twitter.com/ING_Economics/status/1615323222471237634

ING:
"We have increased our price forecast for 2023 reflecting continued China reopening optimism and likely further stimulus measures"
https://twitter.com/ING_Economics/status/1615323222471237634

ING:
"We have increased our price forecast for 2023 reflecting continued China reopening optimism and likely further stimulus measures"
https://twitter.com/ING_Economics/status/1615323222471237634

ING:
"We have increased our price forecast for 2023 reflecting continued China reopening optimism and likely further stimulus measures"
https://think.ing.com/articles/china-reopening-rally-to-drive-iron-ore-prices/

Cheers Barrett.

Interesting comments from WEF President Børge Brende:
"We are now more optimistic about growth in China especially towards the end of this year & next year.
From summer & fall we do expect substantial economic growth. In 2024 China is out of the woods and Chinese economy is going to grow substantially”
https://www.youtube.com/watch?v=Hua0frWSQMg

Perfect timing for UFO :)